PHYSICAL VERIFICATION OF CASH

Bank & Branch: CANARA BANK , KHAMMAM (0775)

Year ended: March 31, 2022
Date of Physical Verification 06-April-2022; 06:05 PM
Opening / Closing Closing
Name of Person who carried out verification Yash Jain & CA Yashwardhan Joshi
Name of Cashier T. Kanta Rao

Name of Joint Custodian B. Vasantha and P. Vani Sree

Bait Money / Decoy Money changed at regular intervals No

Date of last change NA

Denomi Physical balance Rs. 23,54,952

Number Amount (Rs.)
-nation Bal. as per denomn. Book Rs. 23,54,952

2,000 28 56,000 Bal. as per Ledger Rs. 23,54,952

500 3,597 17,98,500

200 41 8,200
Balance on date of verification Rs. 23,54,952
100 272 27,200
Add: Withdrawals
50 70 3,500
20 6,354 1,27,080 From: 01/04/2022 Rs. 2,48,75,275

10 12,886 1,28,860 To :06/04/2022

Coins Less: Deposits
20 200 4,000 From:01/04/2022 Rs. 2,61,97,083
10 10,800 11,060 To :06/04/2022
5 32 160 Balance as on March 31st 2022 Rs. 10,33,144
2 36 72
Comments:
1. Soiled notes –Rs. 1,90,305 (One lakh Ninety Thousand Three Hundred and Five Only)
2. Bank is holding cash more than the retention limit specified on regular intervals
Audit Assistant/Auditor Cashier Branch In charge

Conducted by concurrent
I Surprise verification of cash
auditor
Physical cash balance Refer page 1
As per daily cash balance book (DCB) Refer page 1
As per GLB/ Cash report Refer page 1
Discrepancies – Shortage / (excess) Refer page 1
Observations
- Bank’s note slips on packets not found
- Sign of preparer and checker on note slips not available

Surprise physical verification of cash by Independent

II
Officer
- Not done (If yes, date of last verification) 03/12/2021; Thomas Tiru (DM)
- Other deviations / irregularities, if any None

III Cash holdings

- Cash Retention Limit (CRL) of the branch 50,00,000/-
- No of days on which cash balance exceeded CRL Many
- Avg cash balance held -

IV Joint custody
- DCB not signed by either of the custodians Signed; no irregularities found
- Amount not written in words / figures Complied
- Alterations not authorized Complieds
- Key register not maintained / entries not authorized Maintained
- Custodians not as per key register Complied
- Safe-in and safe-out register not maintained / entries
Maintained
not authenticated
- Cash discrepancies (excess / shortage) register not
Not maintained
maintained / entries not authenticated
- Discrepancies not reported to controllers NA
V Insurance of cash
- In safe: Not held / expired / underinsured At HO Level
- In cabin: Not held / expired / underinsured At HO Level
- In transit: Not held / expired / underinsured At HO Level
- In ATM: Not held / expired / underinsured At HO Level

Signature of Auditor Signature of Branch Manager

FOR AUDIT USE:

 Whether effective joint-custody of cash evidenced – Yes / No

 Significant discrepancies / inconsistencies observed, further audit procedures taken / to be

reported in Main Report / LFAR/ Tax Audit Report.

Audit Remarks: Cash held by the bank exceeds the retention limit prescribed at regular
intervals.
Bank is holding soiled notes of Rs. 1,90,305
Cash discrepancy register not maintained.